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Red Robin (RRGB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Red Robin (RRGB - Free Report) reported $300.15 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.5%. EPS of -$0.48 for the same period compares to -$0.24 a year ago.

The reported revenue represents a surprise of +1.55% over the Zacks Consensus Estimate of $295.57 million. With the consensus EPS estimate being -$0.41, the EPS surprise was -17.07%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Red Robin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Number of restaurants - Total

    : 503 compared to the 506 average estimate based on three analysts.
  • Comparable restaurant revenue - YoY change

    : 1.4% compared to the -1.5% average estimate based on three analysts.
  • Number of restaurants - Franchised

    : 92 versus the two-analyst average estimate of 93.
  • Number of restaurants - Company-owned

    : 411 versus the two-analyst average estimate of 414.
  • Revenues- Restaurant revenue

    : $294.46 million compared to the $292.94 million average estimate based on three analysts. The reported number represents a change of +0.4% year over year.
View all Key Company Metrics for Red Robin here>>>

Shares of Red Robin have returned -10.8% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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